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Lawmakers suggested that in 2016 the top legislature should contribute to realizing the new development concepts, which are innovation, coordination, green development, opening up and sharing, the statement said.

"International cooperation along the river needs to improve in areas such as dredging, new ports, telecoms and emergency response," Ran said, before the "golden waterway" eventually creates opportunities for all.

Looking back over the last five years, it is clear that the reform and development of public finance work in China has reached a new level, and that its role as the foundation of the country's governance has been effectively utilized. We constantly deepened the reform of the budgetary management system, made systematic headway in replacing business tax with VAT and in reforming excise tax and resource tax systems, and achieved major progress in building a modern fiscal system over five years of continuous refinement. In exercising macro regulation through fiscal policy, we paid great attention to keeping market expectations stable, unleashing internal forces for driving economic growth, and promoting structural improvements, and helped achieve a better-quality, higher-efficiency, and steadily operating economy by relying more heavily on market forces and adopting more reform measures. The wellbeing of our people has seen continual improvements, and we increased spending in related areas while working hard to improve related expenditure policies and institutional arrangements, emphasizing their public nature as well as increasing their sustainability. We established a general institutional framework for the management of local government debt, developed a clear picture of total outstanding debt, and carried out the systematic replacement of a portion of outstanding debt to ensure better overall control of debt-related risks.

For a very long time, the United States has been quite condescending, with the belief that it has the best system and human rights record, and as a result, it tends to find fault with other countries, Ji Hong, researcher with the Institute of American Studies under the Chinese Academy of Social Sciences, said in the program.

China is facing more challenges this year and SOEs should play an important role in economic and social development and focus on improving quality and efficiency, he said.